Lancang-Mekong FTZ can spur regional growth amid pressure of US trade protectionism
As Sino-US trade tension intensifies, there has been talk that China plans to set up a free trade zone (FTZ) on the border between Thailand and Laos. If the FTZ becomes a reality, it will be part of a long-term effort to achieve closer economic integration between China and Southeast Asian countries. With the rise of trade protectionism in the US, efforts to find an internal impetus for development of the Asian economy are becoming more and more important.
